US consumer lending was lower than anticipated

  • Prior was $25.84B (revised to $18.58B)

That's a big miss and an even-bigger revision. My guess is that this reflects people using stimulus payments to pay down debt.

More:

  • Revolving credit -1.96B
  • Non-revolving credit +20.57B

Revolving credit is generally credit cards and this drop highlights what some surveys showed: That people are trying to pay off debt.